FerrAus Limited (ASX:FRS) Quarterly Activities Report for Period Ending 31 March 2010

  Perth, Australia, May 3, 2010 - (ABN Newswire) - During the period FerrAus Limited (ASX:FRS) announced the completion of a positive Scoping Study that indicates a potential A & #36;1.1 billion Net Present Value (NPV) for a project ramping up to 15Mtpa.The Scoping Study found that the NPV of the FerrAus Pilbara Project, using an 8 per cent real after tax discount rate, ranges from A & #36;880 million to A & #36;1.  

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